BOSTON--(BUSINESS WIRE)--Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership, has agreed to sell $1.0 billion of 2.750% senior unsecured notes due 2026 in an underwritten public offering through Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., BNY Mellon Capital Markets Inc., Citi Group Global Markets, Inc. and Wells Fargo Securities, LLC as joint book-running managers. The notes were priced at 99.271% of the principal amount to yield 2.833% to maturity. The notes will mature on October 1, 2026 unless earlier redeemed. The offering is expected to close on August 17, 2016.

Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space, one hotel, four residential properties and five retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC.